MANILA — Philippine annual inflation was 2.9% in January, matching the previous month's rate, the statistics agency said on ...

The Philippine Statistics Authority (PSA) will change the base year of the consumer price index (CPI) and gross domestic product (GDP) to 2023 from the current 2018, National Statistician Dennis Mapa ...

Annual inflation holds steady in January Jan CPI above market expectations Philippine c.bank to take “measured approach” in policy easing MANILA — The Philippine central bank will take a “measured ...

As Nigeria gears towards 2025, its economy is on the cusp of a major overhaul with five key drivers poised to revolutionise ...

For parents of babies who lived through the huge baby formula shortage of 2022, the memory of it is still raw. Pandemic-related supply chain shortages collided with a giant infant formula recall ...

The Consumer Price Index (CPI) is used as a chief barometer of inflation. But what is it and how is it calculated? CNBC Select explains below and recommends some cards that could help put money ...

In a world where wellness trends come and go, one former Singapore government official has shared his wisdom in a simple yet powerful formula. Ng Kok Song is a prominent Singaporean financier and ...

The National Bureau of Statistics has disclosed that its rebased Consumer Price Index will better reflect current price volatility and provide a clearer understanding of economic trends in Nigeria.

The rebased CPI is expected to improve the accuracy of economic data, offering item weights that reflect modern household spending habits and providing essential input for economic planning ...

Nigerian governors have expressed their support for the tax reform bills initiated by the federal government, proposing a new sharing formula for value-added tax, VAT. This is coming after meeting ...

To use this formula, you need the initial and final values of the consumer price index (CPI) for a specific good or service. By subtracting the initial value from the final value, you determine ...

In a significant move to address inequities in resource allocation, the forum approved a revised VAT sharing formula indicating 50% based on equality, 30% on derivation and 20% based on population.